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Skyharbour Resources Ltd. is a uranium and precious metal exploration company actively involved with the development of projects in one of the most active uranium exploration regions in the world, the Athabasca Basin, Saskatchewan.
Message: Skyharbour and MPH Ventures Increase Land Holdings at Heyson Red Lake
| March 31, 2009 |
| Skyharbour and MPH Ventures Increase Land Holdings at Heyson Red Lake Gold Property, NW Ontario |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) and MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) announce a further land acquisition to their existing 50% / 50% Joint Venture Heyson gold property in Heyson and Byshe townships located in Red Lake, Northwestern Ontario. The companies have acquired, by staking, an additional 7 claim blocks immediately adjacent to their Heyson gold showing. The companies now have 21 mineral claim blocks consisting of 284 units (approx. 11,360 acres). The Heyson property lies immediately southeast of the former Howey and Hasaga gold mines in the southern portion of the central Red Lake gold belt and 5 km south of the operating Goldcorp Red Lake and Campbell gold mines. Red Lake Ontario Heyson Project Map: http://www.mphventurescorp.com/i/map... Skyharbour and MPH Ventures have previously identified a large, well-defined "gold-in-till" anomaly (Sully Creek Till Anomaly) on the property. The width of the anomaly covers 350 metres along a strike length of 1.5 kilometres. Sampling indicates the source of the gold-in-till anomaly is on the property. The probable source area is low ground covered by tills and capped by lacustrine clays. Drilling in 2003 tested the Sully Creek Till Anomaly and identified gold values within a distinct hematite-epidote alteration system with the most significant intercept grading 59.4 grams per tonne over 0.4 metres. Only a small part of the Heyson property has been explored to date. The companies remain optimistic that an exploration drill program could greatly enhance the value of the Heyson property in Red Lake, Northwestern Ontario. Skyharbour and MPH Ventures are preparing a budget for a 2009 exploration and drill program on the Heyson project. About Skyharbour Resources Ltd.: Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada. To find out more about Skyharbour Resources Ltd. (TSX VENTURE:SYH), visit the Company's website at www.skyharbourltd.com. About MPH Ventures Corp.: MPH Ventures Corp. is a precious metal and molybdenum exploration company focused on mineral development within Canada. For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the Company's web site at www.mphventurescorp.com. ON BEHALF OF THE BOARD OF DIRECTORS DONALD C. HUSTON, President |
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Mar 31, 2009 07:33AM
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